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Converge Technology Solutions (STU:0ZB) 5-Year Yield-on-Cost % : 0.75 (As of May. 01, 2024)


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What is Converge Technology Solutions 5-Year Yield-on-Cost %?

Converge Technology Solutions's yield on cost for the quarter that ended in Dec. 2023 was 0.75.


The historical rank and industry rank for Converge Technology Solutions's 5-Year Yield-on-Cost % or its related term are showing as below:

STU:0ZB' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 0.29   Med: 0.52   Max: 0.77
Current: 0.75


During the past 6 years, Converge Technology Solutions's highest Yield on Cost was 0.77. The lowest was 0.29. And the median was 0.52.


STU:0ZB's 5-Year Yield-on-Cost % is ranked worse than
79.96% of 938 companies
in the Software industry
Industry Median: 2.235 vs STU:0ZB: 0.75

Competitive Comparison of Converge Technology Solutions's 5-Year Yield-on-Cost %

For the Information Technology Services subindustry, Converge Technology Solutions's 5-Year Yield-on-Cost %, along with its competitors' market caps and 5-Year Yield-on-Cost % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Converge Technology Solutions's 5-Year Yield-on-Cost % Distribution in the Software Industry

For the Software industry and Technology sector, Converge Technology Solutions's 5-Year Yield-on-Cost % distribution charts can be found below:

* The bar in red indicates where Converge Technology Solutions's 5-Year Yield-on-Cost % falls into.



Converge Technology Solutions 5-Year Yield-on-Cost % Calculation

Dividend Yield % and dividend growth of a stock is an important factor for income investors. But if company A raises its dividend constantly faster than company B, company A's future dividend yield might be much higher than Company B's even if their yields are the same now and their stock prices do not change.

Yield on Cost assumes that you buy and the stock today, and hold it for 5 years. If the company raises it dividends at the same rate as it did over the past 5 years, the dividends investors receive annually in 5 years relative to the stock price today.

Therefore, Yield-on-Cost of Converge Technology Solutions is calculated as

Yield-on-Cost=Dividend Yield %*(1+Dividend Growth Rate)^5

Converge Technology Solutions  (STU:0ZB) 5-Year Yield-on-Cost % Explanation

Of course the risk here is that the company may not raise its dividends as it did before. The key is to select the companies that can consistently raise its dividends. Usually companies with long history of raising dividends tend to do so.


Converge Technology Solutions 5-Year Yield-on-Cost % Related Terms

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Converge Technology Solutions (STU:0ZB) Business Description

Traded in Other Exchanges
Address
161 Bay Street, Suite 2325, Toronto, ON, CAN, M5J 2T6
Converge Technology Solutions Corp is a Canadian company building a platform of regionally focused Hybrid IT infrastructure providers that deliver best-of-breed solutions and services in the United States. The solutions provided include multi-cloud solutions, the blockchain, resiliency, and managed services, enabling the company to address the business and IT issues that public and private-sector organizations face.

Converge Technology Solutions (STU:0ZB) Headlines

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